National Institution for Transforming India (NITI) Aayog vice chairman, Professor Arvind Panagariya, has said that in the longer-run, the growth will be sustained by between 8 per cent and 10 per cent per annum over the next 15 years. Speaking at the Singapore India Business Dialogue 2015 organised by the Singapore Management University today, he said that India has good prospects and support of the Government's growth-oriented policies. Arvind Panagariya mentioned that the capital goods production had increased by 10 per cent over the previous three months. He also spoke about the 7.3 per cent Gross Domestic Product growth in the fiscal 2014-15. He said that Foreign investors are coming in and that is a good signal for the environment for investment.
News On AIR | July 9, 2015 6:08 PM
Indian economy sustainable at 8-10%: Panagariya